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budget policies in many different areas amount of money that it can do it can spend to deal with the deficit but of course the problem itself in europe is of course austerity and that's hurting it creating a lot of unemployment it's creating a very severe recession so arlen's medicine that they're taking and partly suffering from but they're getting on with it isn't really vital for the rest of europe so if they're going to be driving forward the agenda in the european union for the next six months that's not the. economic problems and indeed ireland is one of the most problematic as you say of the troubled states and has not got enough to deal with without holding the e.u. presidency as well at this stage. well yes it does have a great deal of challenges in the you of course the budget situation in europe in the european union isn't sorted out yet the whole situation regarding britain's membership is coming to the fore britain of course maybe will be having a referendum at some point on britain's terms of membership all these issues need to be discussed and agreed in the forthcoming year an
budget policies in many different areas amount of money that it can do it can spend to deal with the deficit but of course the problem itself in europe is of course austerity and that's hurting it creating a lot of unemployment it's creating a very severe recession so arlen's medicine that they're taking and partly suffering from but they're getting on with it isn't really vital for the rest of europe so if they're going to be driving forward the agenda in the european union for the next six...
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and show them wrong and now we're talking about reducing the deficit we're asking who's going to we're going to contribute to this and we have people on social. you were asked to contribute we haven't asked people in wall street to contribute one dime to reducing the deficit right now for a problem that they caused i mean they caused this problem at which which raises an important issue i mean it not only did has wall street caused this problem a look at his p.c. is the bank is just chinese when just just plug a they're based out of hong kong but their main offices their largest office is actually in london and they are the third largest bank in the world in the sixth largest bank in the united states and this bank just pled guilty to funding terrorists both al qaeda and mexican drug cartels now my understanding is my understanding is that if you hand a couple million bucks to it it is actually that if you if you hand fifty dollars if you wire if you go into a liquor store in new york city where fifty bucks to some guy in pakistan who gives it to al qaeda you will find your button one
and show them wrong and now we're talking about reducing the deficit we're asking who's going to we're going to contribute to this and we have people on social. you were asked to contribute we haven't asked people in wall street to contribute one dime to reducing the deficit right now for a problem that they caused i mean they caused this problem at which which raises an important issue i mean it not only did has wall street caused this problem a look at his p.c. is the bank is just chinese...
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created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you mongers debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around what should be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american people the vast majority of them over one thousand government programs would be cut it would hit the unemployed very hard they would stop getting unemployment benefits there would be other automatic cuts and tax hikes that would mostly affect those who are financially insecure but everyone knows even if the lawmakers don't meet the january first headline they can pass measures ret
created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you mongers debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around what should be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to deadlines so the...
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then you want you want to raise some you want to reduce the deficit by the hundred billion dollars that seems like a pretty good deal by raising it to four hundred four fifty you're getting less than half that now writing about three hundred eighty so you're going to take more of that may have spend exactly so yeah the president might be making a compromise between two fifty or a million but he's setting himself up to get screwed down the road when when you have the debt limit and you have spending you know probations bills coming that are expiring republicans are going to be like hey we only got three eighty we're going to have to get four hundred and now i'm not living by any means a slave to polls a lot of times i think they're a little ridiculous but you have seen the polls i mean ten percent approval rating for congress and we've seen that if in fact as it looks like it's going to happen we go over the fiscal cliff most people in this country are going to blame republicans are going to blame republicans for trying to protect the wealthy in this country they're not there hasn't obam
then you want you want to raise some you want to reduce the deficit by the hundred billion dollars that seems like a pretty good deal by raising it to four hundred four fifty you're getting less than half that now writing about three hundred eighty so you're going to take more of that may have spend exactly so yeah the president might be making a compromise between two fifty or a million but he's setting himself up to get screwed down the road when when you have the debt limit and you have...
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produced no results if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india i mean charged with murder just hours after a victim died in a hospital if convicted all could face the death penalty in the case sparked protest in new delhi if you're for it is resorting to banning mass gatherings in parts of the city people still joining to express their anger and sorrow and demanding extreme measures to keep the streets safe. the newly elected prime minister has taken a tour of the fukushima nuclear plant which was devastated by a massive tsunami last year wearing a protective suit to be inspected the complex and admitted that dealing with a fall that is an unprecedented challenge the previous democrat led government plan to scrap the use of nuc
produced no results if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts worth billions of dollars in mass we take effect on journey the first another round of talks is saturday barack obama is already considering an emergency bill for the workers and the army if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india i mean charged with murder just hours after a victim died in a...
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weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate to put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine with very little discussion. everyone agrees on both sides of the aisle that sums sort of reduction in benefits from social security and medicare is inevitable quote unquote well you know the rest of us don't believe that it's inevitable or even that it's nec
weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance...
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discussions about things about shaving one hundred billion dollars when we're facing trillion dollar deficits. about. you know controlling this liberty or struck me down. regulation when we should be figuring out how to how to liberate. tap was to get a prize yeah yeah so there is that the same thing that you look at all are there any other specific things that you think are concerning to you when you talk about that long term trajectory the u.s. is on shore well you know eric speaks about the and is quite correct i think to speak of. the theater that is engrossing the american population is they get fed whether c.j.d. piece to taste. and unemployment checks i'm a little more on set with what's going on behind that theater the militarization of the police you know the rise of the police state that those kind of things that you know i mean there are trains that you don't want to see leaving the station so it sounds like it's just as much about certain civil liberties as it is about the economic condition of the u.s. and i mean can you really separate the two because we're talking about preserv
discussions about things about shaving one hundred billion dollars when we're facing trillion dollar deficits. about. you know controlling this liberty or struck me down. regulation when we should be figuring out how to how to liberate. tap was to get a prize yeah yeah so there is that the same thing that you look at all are there any other specific things that you think are concerning to you when you talk about that long term trajectory the u.s. is on shore well you know eric speaks about the...
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explain we'll just wait till next year and they thought it would go up quite a bit further but the deficit ran up so much faster than anticipated will take care of it tomorrow and that's all the politicians in the u.s. or anywhere to they're not proactive they're not problem solvers they don't care about you and all they care about is their own little power and you know let the rest of the world be damped merican doesn't understand why his country by the world economy is going down the drain all they know is class warfare which is what. the administration wants that the banks are getting rich and they're getting poorer they don't understand why any of this is happening so for the average american they're going to pay some more taxes but the average americans in fear of losing his job and losing everything that he's worked this whole life for and he doesn't have a clue why. but our own economic expert max kaiser has also given us his forecast on how the financial winds will blow in twenty thirty the fiscal cliff is just more of fear from bankers and politicians trying to distract people fro
explain we'll just wait till next year and they thought it would go up quite a bit further but the deficit ran up so much faster than anticipated will take care of it tomorrow and that's all the politicians in the u.s. or anywhere to they're not proactive they're not problem solvers they don't care about you and all they care about is their own little power and you know let the rest of the world be damped merican doesn't understand why his country by the world economy is going down the drain...